China’s Domestic Phthalic Anhydride Market Price Rises on September 5

On September 5, the phthalic anhydride commodity index was 63.10, up 1.46 points from yesterday, down 47.47% from the cyclical peak of 120.13 points (2012-02-28), and up 30.32% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

PVA 1799 (PVA BF17)

Recently, the domestic market price trend of phthalic anhydride has risen sharply. The market price of phthalic anhydride in eastern China has risen. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, orders on the market have risen, and the market price of phthalic anhydride has continued to rise. In East China, the mainstream of neighbouring-law supply negotiations is 6500-6600 yuan/ton, naphthalene-law supply negotiations is 6000-6100 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6300-6400 yuan/ton, the market price keeps rising, some manufacturers increase the ex-factory price, the downstream start-up is not high, purchasing on demand is dominant, the wait-and-see mentality is strong, domestic phthalic anhydride is strong. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is rising.

Recently, the price of domestic phthalic anhydride upstream product Sinopec o-phthalic anhydride is 6300 yuan/ton. Due to the overhaul of domestic phthalic anhydride manufacturers, the supply of goods on the site is tight, the price of o-phthalic anhydride has risen, the import market of o-phthalic anhydride has not changed much, the domestic market price of o-phthalic anhydride has risen, the recent The quotation is stable. The actual transaction price is based on negotiation. Recently, the domestic overhaul facilities for phthalic anhydride have increased. The supply of phthalic anhydride in the field is very tight. Supported by the price of phthalic anhydride in the upstream raw material, the market price of phthalic anhydride has continued to rise. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocked and declined, customer purchasing enthusiasm was general, downstream PVC market slightly lower, DOP market mainstream transaction price of about 7700 yuan/ton, downstream prices rose, the market price of phthalic anhydride is expected to continue to rise in the later period.

PVA 1788 (PVA BP17)